Against The Gods The Remarkable Story Of Risk

Author : Peter L. Bernstein
Publisher : John Wiley & Sons
ISBN 13 : 0470534532
Total Pages : 400 pages
Book Rating : 4.33/5 ( download)

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Download or read book Against the Gods written by Peter L. Bernstein and published by John Wiley & Sons. This book was released on 2012-09-11 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Business Week, New York Times Business, and USA Today Bestseller "Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." —The New York Times "An extraordinarily entertaining and informative book." —The Wall Street Journal "A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." —Business Week "Deserves to be, and surely will be, widely read." —The Economist "[A] challenging book, one that may change forever the way people think about the world." —Worth "No one else could have written a book of such central importance with so much charm and excitement." —Robert Heilbroner author, The Worldly Philosophers "With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Nothing like it will come out of the financial world this year or ever. I speak carefully: no one should miss it." —John Kenneth Galbraith Professor of Economics Emeritus, Harvard University In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today. "An extremely readable history of risk." —Barron's "Fascinating . . . this challenging volume will help you understand the uncertainties that every investor must face." —Money "A singular achievement." —Times Literary Supplement "There's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein would mingle well in their company." —The Australian

Author : Peter L. Bernstein
Publisher : John Wiley & Sons
ISBN 13 : 1118523989
Total Pages : 375 pages
Book Rating : 4.88/5 ( download)

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Download or read book Capital Ideas written by Peter L. Bernstein and published by John Wiley & Sons. This book was released on 2012-09-11 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital Ideas traces the origins of modern Wall Street, from the pioneering work of early scholars and the development of new theories in risk, valuation, and investment returns, to the actual implementation of these theories in the real world of investment management. Bernstein brings to life a variety of brilliant academics who have contributed to modern investment theory over the years: Louis Bachelier, Harry Markowitz, William Sharpe, Fischer Black, Myron Scholes, Robert Merton, Franco Modigliani, and Merton Miller. Filled with in-depth insights and timeless advice, Capital Ideas reveals how the unique contributions of these talented individuals profoundly changed the practice of investment management as we know it today.

Author : Peter L. Bernstein
Publisher : John Wiley & Sons
ISBN 13 : 0470091029
Total Pages : 304 pages
Book Rating : 4.29/5 ( download)

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Download or read book The Power of Gold written by Peter L. Bernstein and published by John Wiley & Sons. This book was released on 2005-12-13 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incorporating myth, history and contemporary investigation, Bernstein tells the story of how human beings have become intoxicated, obsessed, enriched, impoverished, humbled and proud for the sake of gold. From the past to the future, Bernstein's portrayal of gold is intimately linked to the character of humankind.

Author : Peter L. Bernstein
Publisher : John Wiley & Sons
ISBN 13 : 0470435208
Total Pages : 175 pages
Book Rating : 4.05/5 ( download)

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Download or read book A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics) written by Peter L. Bernstein and published by John Wiley & Sons. This book was released on 2008-09-25 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days. With the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial system—its strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the pieces. Peter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy. This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.

Author : Peter L. Bernstein
Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 454 pages
Book Rating : 4.31/5 ( download)

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Download or read book The Portable MBA in Investment written by Peter L. Bernstein and published by John Wiley & Sons. This book was released on 1995-10-13 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: The bestselling author of Capital Ideas presents a landmark investment book. The Portable MBA in Investment includes in-depth discussions on the nature of today's markets, setting objectives, asset valuation, investment strategies, managing risks, and performance measurement.

Author : Peter L. Bernstein
Publisher : John Wiley & Sons
ISBN 13 : 0470435194
Total Pages : 228 pages
Book Rating : 4.99/5 ( download)

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Download or read book Economist on Wall Street (Peter L. Bernstein's Finance Classics) written by Peter L. Bernstein and published by John Wiley & Sons. This book was released on 2008-10-03 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days. Peter Bernstein's Economist on Wall Street is a collection of writings from 1955 to 1970. The book is especially interesting because so many of Bernstein's observations reflect the most important issues of the present—the outlook for inflation and its control, the intricacies of monetary policy, the future of the dollar, and the dilemmas of household finances. Bernstein was also concerned with developments in portfolio management, including the new influence of institutional investors and rules for optimal asset mixes. He provides light touches, too, as he indulges in fantasies and philosophical musings over a wide variety of topics. With so many years of hindsight, we should not be surprised to find some of Bernstein's predictions running awry. But why? In each instance, these forecasts were biased by memories of the past. There is a big lesson to be learned there. Economist on Wall Street is a remarkable book, with lasting relevance and keen insights into the art of investment management, the capital markets, gold and the dollar, and the fun of being alive.

Author : Peter L. Bernstein
Publisher : W. W. Norton & Company
ISBN 13 : 0393340201
Total Pages : 448 pages
Book Rating : 4.04/5 ( download)

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Download or read book Wedding of the Waters: The Erie Canal and the Making of a Great Nation written by Peter L. Bernstein and published by W. W. Norton & Company. This book was released on 2010-08-16 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller The epic account of how one narrow ribbon of water forever changed the course of American history. The history of the Erie Canal is a riveting story of American ingenuity. A great project that Thomas Jefferson judged to be “little short of madness,” and that others compared with going to the moon, soon turned into one of the most successful and influential public investments in American history. In Wedding of the Waters, best-selling author Peter L. Bernstein recounts the canal’s creation within the larger tableau of a youthful America in the first quarter-century of the 1800s. Leaders of the fledgling nation had quickly recognized that the Appalachian mountain range was a formidable obstacle to uniting the Atlantic states with the vast lands of the west. A pathway for commerce as well as travel was critical to the security and expansion of the Revolution’s unprecedented achievement. Gripped by the same fever that had driven explorers such as Hudson and Champlain, a motley assortment of politicians, surveyors, and would-be engineers set out to build a complex structure of a type few of them had ever actually seen, let alone built or operated: a manmade waterway cut through the mountains to traverse the 363 miles between Lake Erie and the Hudson River. By linking the seas to the interior and the interior to the seas, these pioneers ultimately connected the Atlantic Ocean to the Mississippi River. Bernstein examines the social ramifications, political squabbles, and economic risks and returns of this mammoth project. He goes on to demonstrate how the canal’s creation helped bind the western settlers in the new lands to their fellow Americans in the original colonies, knitted the sinews of the American industrial revolution, and even influenced profound economic change in Europe. Featuring a rich cast of characters that includes political visionaries like George Washington, Thomas Jefferson, and Martin van Buren; the canal’s most powerful champions, Governor DeWitt Clinton and Gouverneur Morris; and a huge platoon of Irish and American diggers, Wedding of the Waters reveals that the twenty-first-century themes of urbanization, economic growth, and globalization can all be traced to the first great macroengineering venture of American history.

Author : Peter L. Bernstein
Publisher :
ISBN 13 :
Total Pages : 486 pages
Book Rating : 4.32/5 ( download)

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Download or read book Investment Management written by Peter L. Bernstein and published by . This book was released on 1998-02-18 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment Management provides a powerful package of systematic principles and cutting-edge applications for intelligent-and profitable-investing in the new world of finance. Its authoritative approach to the investment process is indispensable for coming to grips with today's rapidly changing investment environment-an environment that bombards the investor with an oversupply of information, with novel and complex strategies, with a globalized trading arena in a constant state of flux, and with radical innovations in the development of new financial instruments. Traditional investment methods no longer suffice for investors managing their own funds or for professionals entrusted with the wealth of individual and fiduciary institutions. Edited by Peter Bernstein and Aswath Damodaran, widely respected experts in the field, this authoritative resource brings together an all-star team that combines Wall Street savvy with profound theoretical skills. The hands-on professionals who have contributed to this volume command high respect among academics in finance; the academic contributors, in turn, are also experienced in the rough-and-tumble of the Wall Street scene. Together, they have designed the book to look at investing as a process-a series of steps, taken in the proper sequence, that provides the tools and strategies for optimal balancing of the interaction of risk and return. The analysis is at all points comprehensive and lucid as it moves from setting investment objectives to the best methods for selecting securities, from explaining how to measure risk to how to measure performance, from understanding derivatives to minimizing taxes, and from providing the essentials of portfolio strategy to the basic principles of asset allocation. In a unique chapter, the book also offers a searching evaluation of management and governance structures in the modern corporation. One form of risk management is to make such successful investments that losses do not matter. Only luck can achieve that result; the real world requires decisions whose outcomes are never known in advance. That is what risk is all about. Every stage of the investment process-from executing a trade to optimizing diversification-must focus on making rational choices under conditions of uncertainty. The successful investor's toolkit has more inside of it than just the essential apparatus for selecting securities and allocating assets. The successful investor is also the one who has the knowledge, the confidence, and the necessary control systems to deal with the inevitable moments when forecasts go wrong. Investment Management explores the investment process from precisely this viewpoint. It is a comprehensive and accessible introduction to investing in today's challenging marketplace-an ideal resource for serious investors and students. A state-of-the-art program in investment principles and applications from topflight professionals. Edited by Peter Bernstein and Aswath Damodaran, who are widely respected throughout the world of finance, this authoritative text brings together an all-star team to provide both a hands-on and theoretical overview of investing in today's challenging financial environment. Once upon a time, Wall Street lived off little homilies like, 'buy low and sell high,' 'nothing ventured, nothing gained,' and 'don't put all your eggs in one basket.' Like all sayings that endure, these simple proverbs contain a lot of truth, even if not the whole truth. When wrapped into a body of theory that supports them with logic and a systematic set of principles, these elementary wisdoms pack a great deal of power. Yet if the theory is so consistent, logical, and powerful, another fabled Wall Street saying comes to mind: 'If you're so smart, how come you're not rich?' The answer is disarmingly simple: The essence of investment theory is that being smart is not a sufficient condition for being rich. This book is about the missing ingredients.-from the Preface by Peter L. Bernstein.

Author : Denise Jodelet
Publisher : Springer Nature
ISBN 13 : 3030393151
Total Pages : 222 pages
Book Rating : 4.51/5 ( download)

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Download or read book Societies Under Threat written by Denise Jodelet and published by Springer Nature. This book was released on 2020-04-18 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book illuminates the importance of threat on the representation of everyday life, from an interdisciplinary perspective. Divided into three parts, the book sets out by addressing the conceptual aspects of threat and by opening views on phenomena and social processes associated with threat. It shows how threat constitutes an analytical category that simultaneously involves social, psychological, religious, historical and political factors, and calls for a sufficiently broad conceptual definition to integrate pluri-disciplinary contributions. The second part focuses on the building of threats, mainly the environmental threats that have reached a tragic dimension today and are a core aspect of world concerns, the contemporary global terrorism, the migrations and the challenges these bring to contemporary societies, as well as the threats associated with the emergence of nationalism and the diverse aspects of excluding the Other. The final part examines the coping strategies, including oblivion, denial and defiance associated with different sources of threats, for instance those arising from epidemic and collective diseases, financial technology, natural disasters and collective traumas.

Author : Amey Stone
Publisher : John Wiley & Sons
ISBN 13 : 9780471477488
Total Pages : 334 pages
Book Rating : 4.86/5 ( download)

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Download or read book King of Capital written by Amey Stone and published by John Wiley & Sons. This book was released on 2004-03-17 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fascinating story of a legendary dealmaker who masterminded an unprecedented merger Citigroup CEO Sandy Weill orchestrated many deals over his legendary forty-five year career—none bigger than the 1998 epic merger of Travelers and Citibank to create the international conglomerate, Citigroup. King of Capital tells the compelling story of how this complex man revolutionized the banking world and transformed Citigroup through a combination of mergers and powerplays. Throughout his entire career Weill has created successful businesses out of smaller, seemingly unworkable pieces; filled product vacuums no one else even realized were void; and forced issues that no one else had the gumption to tackle. His daring dealmaking tactics were never more evident than while forming Citigroup, as he lobbied Congress to deregulate the financial services industry and ousted his co-CEO in a public power struggle. Through an engaging narrative by financial writers Amey Stone and Mike Brewster, King of Capital chronicles the legacy of Sandy Weill that began taking shape in 1970 with the creation of Shearson, was honed during his tenure at American Express, and continues as he leads one of the world's largest banks. Along with probing Weill's signature business deals, King of Capital traces the path this feared, envied, and admired man took to get to the top. Readers will gain valuable insight into the strategies and tactics of this admired dealmaker-including his ability to turn a workforce into a family, with all the love, loyalty, battles and heartbreaks. What distinguishes Weill from the run-of-the mill executive is a laser-like focus on what he wants, trust in his lieutenants, and incredible belief in himself-conviction that he did not always possess. Weill, cowed by Bensonhurst bullies as a child, hazed as a military school plebe, intimidated by the strong personalities of some his early partners, has defied all expectations to become a CEO whose deals have had lasting impact on global finance and the economy. Amey Stone (New York, NY) has more than ten years of experience as a financial writer. Currently, she is an Associate Editor at BusinessWeek Online, where she cowrites the daily "Street Wise" column, and is responsible for writing many of the site's lead stories on business trends, technology, and the economy, including several articles covering Citigroup and Sandy Weill. Mike Brewster (New York, NY) is an accomplished writer, editor and financial services professional. He recently launched a career magazine called Leaders Online.